Versor Investments LP Sells 52,000 Shares of Centerra Gold Inc. (NYSE:CGAU)

Versor Investments LP lessened its position in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 35.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 94,700 shares of the company's stock after selling 52,000 shares during the period. Versor Investments LP's holdings in Centerra Gold were worth $539,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Integrated Advisors Network LLC purchased a new position in shares of Centerra Gold during the third quarter valued at approximately $367,000. Old West Investment Management LLC raised its holdings in shares of Centerra Gold by 100.0% during the third quarter. Old West Investment Management LLC now owns 400,000 shares of the company's stock valued at $2,864,000 after purchasing an additional 200,000 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in Centerra Gold during the third quarter valued at approximately $412,000. PCJ Investment Counsel Ltd. increased its holdings in Centerra Gold by 59.6% during the third quarter. PCJ Investment Counsel Ltd. now owns 434,628 shares of the company's stock valued at $3,120,000 after buying an additional 162,382 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Centerra Gold by 36.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,390,005 shares of the company's stock valued at $31,514,000 after buying an additional 1,175,000 shares during the last quarter. Institutional investors own 55.40% of the company's stock.

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Centerra Gold Stock Performance

Shares of NYSE CGAU traded up $0.24 during midday trading on Wednesday, reaching $5.93. The stock had a trading volume of 964,293 shares, compared to its average volume of 766,686. The stock has a 50-day moving average of $6.09 and a 200-day moving average of $6.46. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 16.46 and a beta of 0.91. Centerra Gold Inc. has a 12-month low of $5.41 and a 12-month high of $7.82.

Centerra Gold (NYSE:CGAU - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The firm had revenue of $302.40 million during the quarter, compared to analysts' expectations of $316.92 million. Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. As a group, analysts forecast that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This is a boost from Centerra Gold's previous quarterly dividend of $0.05. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.73%. Centerra Gold's dividend payout ratio is 52.78%.

Analyst Ratings Changes

A number of analysts have commented on CGAU shares. Desjardins cut shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Thursday, February 13th. Cormark cut shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, Scotiabank reduced their target price on shares of Centerra Gold from $10.00 to $9.00 and set a "sector outperform" rating for the company in a report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Centerra Gold currently has a consensus rating of "Hold" and a consensus target price of $11.00.

Centerra Gold Profile

Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally. The company explores for gold, copper, and molybdenum deposits. Its flagship projects are the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt gold mine located in Turkey.